Eagle Materials Inc. (NYSE:EXP) Shares Acquired by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 276.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,050 shares of the construction company's stock after purchasing an additional 8,850 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Eagle Materials were worth $2,973,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EXP. Driehaus Capital Management LLC grew its stake in Eagle Materials by 21.3% in the 4th quarter. Driehaus Capital Management LLC now owns 45,596 shares of the construction company's stock worth $11,251,000 after acquiring an additional 8,000 shares in the last quarter. Colonial Trust Co SC boosted its position in Eagle Materials by 150.5% during the fourth quarter. Colonial Trust Co SC now owns 689 shares of the construction company's stock valued at $170,000 after purchasing an additional 414 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Eagle Materials in the 4th quarter valued at about $511,000. Captrust Financial Advisors grew its holdings in Eagle Materials by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 365,330 shares of the construction company's stock worth $90,149,000 after purchasing an additional 15,574 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Eagle Materials by 14.8% during the 4th quarter. Baird Financial Group Inc. now owns 1,282 shares of the construction company's stock valued at $316,000 after purchasing an additional 165 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Truist Financial cut their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus assumed coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They set a "hold" rating and a $242.00 price target on the stock. Loop Capital cut their price target on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a research note on Tuesday, April 1st. DA Davidson cut their price target on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $274.40.

Eagle Materials Stock Performance

EXP stock traded down $3.25 during midday trading on Wednesday, hitting $234.70. 412,102 shares of the stock traded hands, compared to its average volume of 335,626. The firm has a market cap of $7.81 billion, a P/E ratio of 16.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The stock's fifty day simple moving average is $221.50 and its 200-day simple moving average is $250.55. Eagle Materials Inc. has a 1-year low of $201.61 and a 1-year high of $321.93.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.